ARTICLES ABOUT OECD BY DATE - PAGE 3

NEW DELHI: In yet another endorsement of the new government's policies aimed at reviving the economy, the OECD has bumped up India's growth forecast for next year citing a pickup in investment because of the improved political situation that stems from the Narendra Modi-led BJP having come to power with a substantial majority that will enable it to undertake reforms. The country could be within striking distance of China by 2016 in terms of the pace of growth, with that country forecast to slow in the years ahead, according to the OECD (Organisation for Economic Co-operation and Development)

NEW DELHI/BERLIN: India today failed to attend an OECD meeting in Berlin where a multilateral agreement requiring a commitment to follow international standards of confidentiality for information received relating to black money was signed. Official sources said that India was not able to attend the Berlin meeting where it was to sign a multilateral competent authority agreement and intended first information exchange date. Government of India had to give an international commitment that it would follow international standards on information received.

LONDON: The Indian economy is projected to see a pick up in growth momentum while most of the other major economies are anticipated to see stable prospects, Paris-based think tank OECD said today. Only India is anticipated to witness better growth momentum among the BRIC bloc whereas other member countries are expected to see "stable growth momentum". The Organisation for Economic Cooperation and Development (OECD) today said that its indicators point towards a mixed outlook across major economies.

NEW DELHI: Once implemented, the measures proposed by OECD to curb tax avoidance activities would have "far reaching implications" in India's transfer pricing landscape as well as a significant impact on US multinationals with overseas operations, according to experts. Paris-based Organisation for Economic Cooperation and Development (OECD), which sets the global tax standards, published a seven-point BEPS ( Base Erosion and Profit Sharing ) recommendations on Tuesday. "The BEPS release on Intangibles and transfer pricing documentation will have far reaching implications in the transfer pricing landscape in India and around the globe," Rohan K Phatarphekar, who is Partner and National Leader Global Transfer Pricing Services, KPMG in India, said.

New Delhi: The Organisation for Economic Co-operation and Development (OECD) has proposed a set of rules for an international approach to curb tax avoidance by multinational companies. The recommendations will be presented to the G20 finance ministers meeting in Cairns, Australia, on September 20-21 for further action amid rising global concern over aggressive planning by companies to avoid paying taxes, including the use of complicated structures, treaty shopping and shifting of profits to tax havens.

LONDON: Sharply revising upwards its forecast, Paris-based think tank OECD today projected 5.7 per cent growth for the Indian economy this year even as global recovery continues at a moderate pace. Its latest estimate is way higher than the 4.9 per cent growth projection in May this year. "Growth in India is projected to pick up and Brazil will experience a modest rebound from recession... India will grow by 5.7 per cent in 2014 and 5.9 per cent in 2015," the Organisation for Economic Cooperation and Development (OECD)

NEW DELHI: India has the potential to become a leading knowledge based economy with its youth population and growing information technology though it should overcome some barriers in this regard, Manila based funding agency Asian Development Bank (ADB) said in a report released today. "India, with its youthful population and thriving information and communication technology (ICT) industry, can become a leading knowledge-driven economy as long as regulatory, education, and infrastructure barriers are overcome," ADB said in its report 'Innovative Asia : Advancing the Knowledge-Based Economy'.

LONDON: India's economic growth continues to gain momentum while most major economies are seeing stable prospects, according to Paris-based think-tank OECD. The Organisation for Economic Cooperation and Development (OECD) is a grouping of 34 countries. The readings are based on Composite Leading Indicators (CLIs), which indicate turning points in economic activity relative to trend, for the month of July. "In India, growth continues to gain momentum while in China and Russia CLIs point to stabilisation of growth momentum.

LONDON: India's economic growth is gaining momentum, Paris-based think tank OECD said today amid the new government initiating various measures to bolster the economy. Major developed nations, including the United States and Canada, also continue to see "stable growth momentum". According to the Organisation for Economic Cooperation and Development (OECD), India is poised for better growth. The readings are based on Composite Leading Indicators (CLIs), that are designed to anticipate turning points in economic activity relative to trend.

NEW DELHI/PARIS: In a major development in the fight against black money, multilateral grouping OECD today unveiled a 'single global standard' for automatic exchange of financial account information by various countries including India and Switzerland. The new framework, to be presented before a meeting of G-20 finance ministers in September, would mark a significant forward movement from the current practice of information exchange mostly on the basis of requests and only in the cases of suspected tax evasion or other financial crimes . The new global standard, which would be common for all countries, would facilitate a "systematic and periodic transmission of bulk taxpayer information by the source country of income to the country of residence of the taxpayer concerning various categories of income or asset information".